Kenmare (KMR.L, KMR LN)

  • 269.6
  • 109.6
  • 92.6
  • KENMARE

    Closing Price (p): 246.0

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

Company Profile

Kenmare Resources is an Irish-registered company that produces ilmenite, rutile and zircon from its 100%-operated Moma mine located in northern Mozambique. Ilmenite and rutile are titanium minerals mined for their titanium dioxide content that is used in 'quality-of-life' products such as paints, plastics, papers and cosmetics. Zircon is a co-product of titanium mining and is used in ceramics, foundries, etc. Kenmare's Moma mine currently has c.8% share of the global titanium dioxide feedstock market and is the world's largest producer of merchant ilmenite. The group has invested $1.2bn since operations began and the life of mine is +100 years.


Major Shareholders%
African Acquisition SARL29.1
Prudential19.9
Miton Group7.7
European Investment Bank7.0
FIL5.4